Oracle-BEA deal gets the green light

February 28, 2008

[From Search Oracle]

The Oracle-BEA Systems Inc. merger was effectively approved by the federal government yesterday when the U.S. Department of Justice and Federal Trade Commission opted to terminate their antitrust review of the proposed deal early.

It's now up to the BEA stockholders, who on Friday morning will vote on Oracle's $17 per share offer for the middleware giant -- an offer that was initially rejected but ultimately accepted by BEA's board of directors under pressure from Carl Icahn, a major technology investor and BEA's biggest stockholder.

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